Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.24M | $1.51M | $1.49M | $1.56M | $828K | $1.26M | $540K | $910K | $1.34M | $1.12M |
| Revenue growth | — | 22.1% | -1.4% | 5.1% | -47.0% | 52.5% | -57.3% | 68.5% | 46.8% | -16.0% |
| Operating income | -$4.27M | -$2.42M | -$2.42M | -$3.15M | -$2.58M | -$1.84M | -$2.63M | -$2.03M | -$1.44M | -$2.13M |
| Operating margin | -345.3% | -160.3% | -162.4% | -201.4% | -311.1% | -145.6% | -486.4% | -223.5% | -108.0% | -190.2% |
| Net income | -$4.24M | -$2.41M | -$2.69M | -$3.81M | -$2.34M | -$1.85M | -$2.67M | -$1.91M | -$1.31M | -$2.05M |
| Net margin | -342.9% | -160.0% | -180.4% | -243.5% | -282.6% | -146.2% | -494.6% | -209.8% | -98.2% | -182.4% |
| EPS (diluted) | -$0.18 | -$0.10 | -$0.10 | -$0.13 | -$0.07 | -$0.06 | -$0.08 | -$0.06 | -$0.04 | -$0.06 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4.01M | -$1.47M | -$2.07M | -$2.08M | -$2.25M | -$1.80M | -$2.18M | -$2.30M | -$789K | -$1.33M |
| Capital expenditures | $11.7K | $6.55K | $11.7K | $65.3K | $56.5K | $1.08K | $1.27K | $1.56K | $1.62K | $726.00 |
| Free cash flow | -$4.02M | -$1.48M | -$2.08M | -$2.15M | -$2.31M | -$1.81M | -$2.18M | -$2.30M | -$790K | -$1.33M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.69M | $1.74M | $2.97M | $6.59M | $4.77M | $270K | $4.23M | $2.48M | $1.99M | $664K |
| Total assets | $5.27M | $2.88M | $4.06M | $8.26M | $6.20M | $4.55M | $5.37M | $3.85M | $4.04M | $2.25M |
| Total liabilities | — | — | $959K | $1.20M | $872K | $762K | $570K | $333K | $1.44M | $1.32M |
| Shareholders' equity | $4.90M | $2.57M | $3.10M | $7.06M | $5.33M | $3.78M | $4.80M | $3.52M | $2.60M | $934K |
| Retained earnings | -$107M | -$109M | -$112M | -$115M | -$118M | -$120M | -$122M | -$124M | -$126M | -$128M |
| Shares (wtd avg diluted) | 24.0M | 24.0M | 27.7M | 31.3M | 31.6M | 31.6M | 32.1M | 33.5M | 33.5M | 33.6M |
Every figure is extracted from RESEARCH FRONTIERS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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